The Goldman Sachs Group Lowers Dun & Bradstreet (NYSE:DNB) Price Target to $11.00

Dun & Bradstreet (NYSE:DNB) had its price target reduced by analysts at The Goldman Sachs Group from $12.80 to $11.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the business services provider’s stock. The Goldman Sachs Group’s price objective points to a potential upside of 16.46% from the company’s current price.

Several other research firms have also recently issued reports on DNB. Needham & Company LLC decreased their price objective on shares of Dun & Bradstreet from $17.00 to $14.00 and set a “buy” rating for the company in a report on Friday. Royal Bank of Canada restated a “sector perform” rating and set a $12.00 target price on shares of Dun & Bradstreet in a report on Wednesday, January 29th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $12.50.

Dun & Bradstreet Trading Up 0.1 %

Dun & Bradstreet stock opened at $9.45 on Friday. The firm has a 50 day simple moving average of $11.63 and a 200-day simple moving average of $11.76. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.70. The stock has a market capitalization of $4.17 billion, a PE ratio of -157.39, a price-to-earnings-growth ratio of 2.21 and a beta of 1.14. Dun & Bradstreet has a 12-month low of $8.77 and a 12-month high of $12.94.

Dun & Bradstreet (NYSE:DNB) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.05). The company had revenue of $631.90 million during the quarter, compared to the consensus estimate of $658.04 million. Dun & Bradstreet had a negative net margin of 1.20% and a positive return on equity of 11.29%. As a group, equities research analysts expect that Dun & Bradstreet will post 0.96 EPS for the current fiscal year.

Institutional Investors Weigh In On Dun & Bradstreet

Several hedge funds have recently made changes to their positions in the company. Forum Financial Management LP purchased a new stake in Dun & Bradstreet in the 4th quarter worth approximately $209,000. Public Employees Retirement System of Ohio purchased a new stake in Dun & Bradstreet in the 4th quarter worth approximately $1,349,000. Neo Ivy Capital Management purchased a new stake in Dun & Bradstreet in the 4th quarter worth approximately $96,000. Vise Technologies Inc. lifted its position in Dun & Bradstreet by 33.1% in the 4th quarter. Vise Technologies Inc. now owns 17,001 shares of the business services provider’s stock worth $212,000 after buying an additional 4,224 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Dun & Bradstreet by 20.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 800,536 shares of the business services provider’s stock worth $9,975,000 after buying an additional 138,054 shares in the last quarter. Hedge funds and other institutional investors own 86.68% of the company’s stock.

Dun & Bradstreet Company Profile

Dun & Bradstreet Holdings, Inc engages in providing business decisioning data and analytics solutions. The firm is involved in providing information with its solutions to support its clients with critical business operations. It offers end-to-end solutions to clients in the small business, finance, sales & marketing, third party risk & compliance, and public sectors.